My company is small, but in the past year we've increased our payroll by 50%.

Mobile Apps, e-learning, and online media content are where it's at. I still haven't even started selling mobile apps, or e-learning as of yet. When I do, we'll have to double our office space. It's gonna be crazy, but we can't handle the amount of business we have now. Worldwide Financial Crisis 2 can't come soon enough for me.

You do realize the tech biz is volatile and impossible to predict? Nortel doubled its office space in the late 90s.

Like the rest of the country, Calgary has seen its ups and downs over the past decade, but what hasn't changed is its ability to attract corporate headquarters.

The latest one landed last week, when Aecon Group Inc., the largest publicly traded construction and infrastructure development company in Canada, opened a co-head office in Calgary to support activity in Alberta, British Columbia and Saskatchewan. It mirrors its long-standing legal headquarters in Toronto. Each office will employ 15 to 20 people.

The move, announced in the middle of another scary week in the markets, reinforces a trend that, if it continues, could see Calgary surpass Toronto in the next 10 years in terms of the number of headquarters, said Wilf Gobert, chairman of Calgary Economic Development (CED).

Just read an article about 5 new office towers for Vancouver. The latest being built by Credit Suisse. It also states that according to cushman wakefield Vancouver has the lowest office vacancy rates in the Americas. (too old to know how to post the article).

__________________
Daily 1 hour flights from YCG to YVR & YYC on ACX
British Columbia is named after the Columbia River, a 4 minute walk from my house
Exactly halfway between Vancouver and Calgary
castlegar.ca

The latest one landed last week, when Aecon Group Inc., the largest publicly traded construction and infrastructure development company in Canada, opened a co-head office in Calgary to support activity in Alberta, British Columbia and Saskatchewan. It mirrors its long-standing legal headquarters in Toronto. Each office will employ 15 to 20 people.

The move, announced in the middle of another scary week in the markets, reinforces a trend that, if it continues, could see Calgary surpass Toronto in the next 10 years in terms of the number of headquarters, said Wilf Gobert, chairman of Calgary Economic Development (CED).

.

I'm dying to find out of which 60 International companies headquartered in Toronto now, plan on moving or closing up shop in the next 10 years.

Some of these guys like Wilf Golbert, while well intentioned, get a little carried away with their predictions. Like all these companies are gonna pack their bags and move to Calgary! They're glorified cheerleaders.

Construction on the Oxford Properties' owned property will actually start at the beginning of November when sidewalks on Harbour and Queens Quay will be closed for construction. Work is expected to be completed in October 2014. Word is RBC will be the main tenant of the project.

Some of these guys like Wilf Golbert, while well intentioned, get a little carried away with their predictions. Like all these companies are gonna pack their bags and move to Calgary! They're glorified cheerleaders.

Probably more like companies in Calgary will grow faster and bump ones HQ'd elsewhere out of the ranking.

The significant trend is that more and more multi-national corporations see Calgary as the place to manage their Canadian presence. In the past, Toronto was almost always the default choice.

I agree with Toronto no longer being the default choice and that's a good thing however, Toronto will remain the first consideration for the vast majority of international corporations unless Calgary manages to add two million people over a night.

I agree with Toronto no longer being the default choice and that's a good thing however, Toronto will remain the first consideration for the vast majority of international corporations unless Calgary manages to add two million people over a night.

Population is only relevant to certain types of business. For example, a business that sells to consumers would likely wish to locate close to large population centers. For companies that sell to other businesses, they would likely want to locate close to the decisions makers for those businesses. Calgary's economy is very capital intensive meaning that the magnitude of the purchasing decisions being made is far higher than would be expected.

It goes over the reasons why the market is booming and compares it with other cities in Canada and the US on page 3. It shows how the gap is closing with Chicago but still has a long way to go to catch up with New York.

If you want make this into its own thread. (I dont have enough posts to do so) Thanks.

400,000 sq feet of absorption per month, every month in the last quarter was something that hadn't been accomplished in over 11 years. Even with new space coming online in Toronto, office vacancy fell to 5%.

Did you even read the report? It was 400k per quarter up to Q4-2010. Q4 actually saw negative absorption of nearly 200,000sf in the financial core, with fringe absorbtion taking greater downtown to a barely positive number. Q1 and Q2 of 2011 saw absorption rates returning to healthy levels but showing a declining trend. Cushman's own predictions are that absorption will remain positive but moderate and that vacancy will likely rise over the rest of the year.